Pushing back on President Trump's protectionist trade policies, billionaire Warren Buffett defended the value of exchange — especially between the U.S. and China — in his annual speech to Berkshire Hathaway shareholders on Saturday:
The United States and China are going to be the two superpowers of the world, economically and in other ways, for a long, long, long, long time. We have a lot of common interests, and like any two big economic entities, there are times when there will be tensions. But it is a win-win situation when the world trades, and China and the United States are the two big factors in that.It is a win-win situation. The only problem is when one side or the other wants to win a little bit too much. [Warren Buffett, via The New York Times]
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